Agreement shall renew on a month-to-month basis. Either Party may terminate this Agreement at any time upon five (5) days written notice to the other Party. Lessee may dry lease the Aircraft
pursuant to this Agreement for specific periods of time during the Term (“**Rental Periods**”). No Rental Period shall be for more than Thirty (30) days. 

 **ARTICLE 2: RENTAL AND EXPENSES** 

 2.1. Rental Payment. Lessee agrees
to pay to Lessor an hourly rental fee at a rental rate of Six Thousand Dollars ($6,500.00) per hour of operation during each Rental Period. Such hourly rental fees include delays, detours, cancellations caused by weather, routing, maintenance or
other similar occurrences during each Rental Period, except that Lessor, at its sole discretion, may reduce the rental fees in the event of such occurrences. In addition, Lessee shall pay for a minimum of two hours of Rental Payment on any day
during the Rental Period. 

 2.2. Positioning, Repositioning Charges. Lessee shall be responsible for accepting the
Aircraft from Lessor, and returning the Aircraft to Lessor at Waterbury-Oxford Airport (“**Home Base**”), or other airport agreed between the Parties. If Lessee commences or ends its Rental Period at a point other than Home Base, Lessee
shall, in Lessor’s sole discretion, be assessed an additional charge equivalent to Lessor’s costs in positioning the Aircraft from Home Base to the delivery point, or repositioning the Aircraft back to Home Base from the point of return.